Honda Conflict Mineral Policy
The U.S. Securities and Exchange Commission (SEC) has adopted a final rule for disclosure mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act) that requires companies that file certain reports with the SEC to disclose their usage of conflict minerals, so as to confirm that the purchase and usage of such minerals that originated in the Democratic Republic of the Congo or adjoining countries are contributing neither to the funding of armed groups nor to the abuse of human rights in that region.
Honda has adopted concrete measures in relation to conflict minerals, including a policy of monitoring supply chains, in collaboration with domestic and international industry organizations. In the event that there are concerns regarding any particular minerals, Honda will take appropriate measures to work with our suppliers to encourage responsible sourcing.
In addition, Honda seeks the cooperation of its business partners in this regard, asking them to make the same level of effort regarding the issue of conflict minerals.
Organizational Framework and Cooperation with Industry Group
Honda established an internal committee for conflict minerals, comprised of individuals from various areas within the company. In addition, Honda has formed working groups in each region where Honda is operating its business. Honda manages its business by region, such as North America, South America, Europe, Asia Pacific, and China, as well as Japan.
Honda supports the Conflict-Free Smelter Program (“CFSP”) through our membership in the Japan Automobile Manufacturers Association, Inc. (“JAMA”), and active support in the Conflict Free Sourcing Working Group in the Japan Auto Parts Industrial Association (“JAPIA”). These industry groups have accumulated industry-wide knowledge on conflict minerals' supply chains, and share such knowledge with the Conflict-Free Sourcing Initiative (“CFSI”), EICC/GeSI, and OECD. One of Honda's subsidiaries in the U.S., Honda North America, Inc., has joined CFSI as a company that is a member of a CFSI partner association, the Automotive Industry Action Group (“AIAG”). We support independent third-party audits of conflict minerals smelters and refiners through our participation in the CFSI.
In 2013, the first year that Honda has been required to disclose information regarding conflict minerals, we conducted a survey of national and international tier 1 suppliers covering the motorcycle, automotive and power products business.
In relation to the survey, we held a seminar aimed at tier 1 suppliers, made a manual to aid those filling in the survey forms, and provided support at a seminar co-hosted by JAPIA and the Japan Electronics and Information Technologies Association (JEITA).
We disclosed the results of the survey to the U.S. Securities and Exchange Commission in the Form SD and a Conflict Minerals Report. These reports are available on our website.